(Read more on the debt and equitymarkets.)
HOUSTON-A local developer has obtained $15.4 million infinancing for the acquisition and improvements of InterchangeBusiness Park. The 296,000-sf complex's purchase was financed by GEReal Estate as part of its push into Houston.
Angel-McIver LP acquired the class B, eight-building InterchangeBusiness Park from a German company, operating as InterchangeCenter LP. More importantly from the buyer's point of view is thatthe park at 8820-30 Interchange Dr. is adjacent to the 109-acre SixFlags AstroWorld site that Angel-McIver bought about a yearago.
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